Kuwait Real GDP Growth
Key information about Kuwait Real GDP Growth
- The Gross Domestic Product (GDP) in Kuwait expanded 4.7 % YoY in Dec 2020, following a growth of 0.4 % in the previous quarter.
- Real GDP Growth YoY data in Kuwait is updated quarterly, available from Jun 2010 to Dec 2020, with an average rate of -0.7 %.
- The data reached an all-time high of 13.5 % in Dec 2010 and a record low of -12.6 % in Jun 2020.
Related information about Kuwait Real GDP Growth
- In the latest reports, Nominal GDP of Kuwait reached 28.0 USD bn in Dec 2020.
- Its GDP deflator (implicit price deflator) fell 10.1 % in Dec 2020.
- GDP Per Capita in Kuwait reached 22,682.6 USD in Dec 2020.
- Its Gross Savings Rate was measured at 31.1 % in Dec 2019.
- For Nominal GDP contributions, Investment accounted for 25.0 % in Dec 2019.
- Public Consumption accounted for 25.2 % in Dec 2019.
- Private Consumption accounted for 41.4 % in Dec 2019.
View Kuwait's Real GDP Growth from Jun 2010 to Dec 2020 in the chart:
What was Kuwait's Real GDP Growth in Dec 2020?
The Gross Domestic Product (GDP) in Kuwait expanded 4.7 % YoY in Dec 2020, following a growth of 0.4 % in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
4.7 Dec 2020 | 0.4 Sep 2020 | -12.6 Jun 2020 | 13.5 Dec 2010 | % | quarterly | Jun 2010 - Dec 2020 |
Real GDP Growth by Country Comparison
Buy Selected Data
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 6.0 Mar 2022 | quarterly | Mar 2010 - Mar 2022 |
Algeria (%) | 3.1 Dec 2021 | quarterly | Mar 2012 - Dec 2021 |
Argentina (%) | 6.1 Mar 2022 | quarterly | Mar 2005 - Mar 2022 |
Armenia (%) | 8.6 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
Australia (%) | 3.3 Mar 2022 | quarterly | Sep 1960 - Mar 2022 |
Austria (%) | 8.7 Mar 2022 | quarterly | Mar 1989 - Mar 2022 |
Azerbaijan (%) | 6.8 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
Bahrain (%) | 5.5 Mar 2022 | quarterly | Mar 2009 - Mar 2022 |
Bangladesh (%) | 7.2 2022 | yearly | 2007 - 2022 |
Belarus (%) | 1.1 Dec 2021 | quarterly | Mar 2006 - Dec 2021 |
Belgium (%) | 4.9 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
Bolivia (%) | 0.2 Dec 2021 | quarterly | Mar 1991 - Dec 2021 |
Bosnia and Herzegovina (%) | 5.5 Mar 2022 | quarterly | Mar 2009 - Mar 2022 |
Botswana (%) | 7.0 Mar 2022 | quarterly | Mar 1995 - Mar 2022 |
Brazil (%) | 1.5 Mar 2022 | quarterly | Mar 1997 - Mar 2022 |
Brunei (%) | -1.4 Dec 2021 | quarterly | Mar 2005 - Dec 2021 |
Bulgaria (%) | 4.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
Cambodia (%) | 3.0 2021 | yearly | 1994 - 2021 |
Canada (%) | 2.9 Mar 2022 | quarterly | Mar 1962 - Mar 2022 |
Chile (%) | 6.9 Mar 2022 | quarterly | Mar 1987 - Mar 2022 |
China (%) | 0.4 Jun 2022 | quarterly | Mar 1992 - Jun 2022 |
Colombia (%) | 8.2 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
Croatia (%) | 7.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
Cyprus (%) | 5.6 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
Czech Republic (%) | 4.9 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
Denmark (%) | 6.2 Mar 2022 | quarterly | Mar 1992 - Mar 2022 |
Ecuador (%) | 4.9 Dec 2021 | quarterly | Mar 1994 - Dec 2021 |
Egypt (%) | 5.4 Mar 2022 | quarterly | Sep 2002 - Mar 2022 |
Estonia (%) | 4.7 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
European Union (%) | 4.0 Jun 2022 | quarterly | Mar 1996 - Jun 2022 |
Finland (%) | 3.8 Mar 2022 | quarterly | Mar 1976 - Mar 2022 |
France (%) | 4.2 Jun 2022 | quarterly | Mar 1950 - Jun 2022 |
Georgia (%) | 14.9 Mar 2022 | quarterly | Mar 1998 - Mar 2022 |
Germany (%) | 1.5 Jun 2022 | quarterly | Mar 1992 - Jun 2022 |
Ghana (%) | 0.9 Mar 2022 | quarterly | Jun 2006 - Mar 2022 |
Greece (%) | 7.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
Hong Kong SAR, China (%) | -4.0 Mar 2022 | quarterly | Mar 1991 - Mar 2022 |
Hungary (%) | 8.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
Iceland (%) | 7.3 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
India (%) | 4.1 Mar 2022 | quarterly | Jun 2005 - Mar 2022 |
Indonesia (%) | 5.4 Jun 2022 | quarterly | Mar 1994 - Jun 2022 |
Iran (%) | 7.2 Dec 2021 | quarterly | Jun 1989 - Dec 2021 |
Ireland (%) | 10.0 Dec 2021 | quarterly | Mar 1996 - Dec 2021 |
Israel (%) | 9.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
Italy (%) | 4.5 Jun 2022 | quarterly | Mar 1982 - Jun 2022 |
Ivory Coast (%) | 6.5 2021 | yearly | 1966 - 2021 |
Japan (%) | 0.7 Mar 2022 | quarterly | Mar 1956 - Mar 2022 |
Jordan (%) | 2.5 Mar 2022 | quarterly | Mar 1993 - Mar 2022 |
Kazakhstan (%) | 3.3 Mar 2022 | quarterly | Mar 2006 - Mar 2022 |
Kenya (%) | 7.2 Mar 2022 | quarterly | Mar 2010 - Mar 2022 |
South Korea (%) | 2.9 Jun 2022 | quarterly | Mar 1961 - Jun 2022 |
Kosovo (%) | 4.9 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
Kuwait (%) | 4.7 Dec 2020 | quarterly | Jun 2010 - Dec 2020 |
Kyrgyzstan (%) | 4.5 Mar 2022 | quarterly | Mar 2007 - Mar 2022 |
Laos (%) | 3.5 2021 | yearly | 2003 - 2021 |
Latvia (%) | 2.5 Jun 2022 | quarterly | Mar 1996 - Jun 2022 |
Lebanon (%) | -25.9 2020 | yearly | 2005 - 2020 |
Lithuania (%) | 4.8 Dec 2021 | quarterly | Jun 1995 - Dec 2021 |
Luxembourg (%) | 4.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
Macau SAR, China (%) | -8.9 Mar 2022 | quarterly | Mar 2002 - Mar 2022 |
North Macedonia (%) | 2.4 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
Malaysia (%) | 5.0 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
Malta (%) | 7.6 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
Mauritius (%) | 6.2 Dec 2021 | quarterly | Mar 2001 - Dec 2021 |
Mexico (%) | 1.8 Mar 2022 | quarterly | Mar 1981 - Mar 2022 |
Moldova (%) | 1.1 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
Mongolia (%) | -3.8 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
Montenegro (%) | 7.2 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
Morocco (%) | 0.3 Mar 2022 | quarterly | Mar 2008 - Mar 2022 |
Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
Myanmar (%) | -5.9 2021 | yearly | 2011 - 2021 |
Nepal (%) | -6.5 Jun 2021 | quarterly | Dec 2004 - Jun 2021 |
Netherlands (%) | 6.6 Mar 2022 | quarterly | Mar 1997 - Mar 2022 |
New Zealand (%) | 0.4 Mar 2022 | quarterly | Jun 1983 - Mar 2022 |
Nigeria (%) | 3.1 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
Norway (%) | 3.7 Mar 2022 | quarterly | Mar 1979 - Mar 2022 |
Oman (%) | -3.2 2020 | yearly | 1999 - 2020 |
Pakistan (%) | 6.2 2022 | yearly | 2001 - 2022 |
Palestinian Territory (%) | -3.1 Mar 2022 | quarterly | Jun 2011 - Mar 2022 |
Panama (%) | 13.6 Mar 2022 | quarterly | Mar 2008 - Mar 2022 |
Paraguay (%) | -2.0 Mar 2022 | quarterly | Mar 1995 - Mar 2022 |
Peru (%) | 3.8 Mar 2022 | quarterly | Mar 1981 - Mar 2022 |
Philippines (%) | 8.2 Mar 2022 | quarterly | Mar 1999 - Mar 2022 |
Poland (%) | 9.2 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
Qatar (%) | 2.5 Mar 2022 | quarterly | Mar 2012 - Mar 2022 |
Romania (%) | 6.4 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
Russia (%) | 3.3 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
Saudi Arabia (%) | 11.8 Jun 2022 | quarterly | Mar 2011 - Jun 2022 |
Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
Singapore (%) | 4.8 Jun 2022 | quarterly | Mar 1976 - Jun 2022 |
Slovakia (%) | 3.0 Mar 2022 | quarterly | Mar 1994 - Mar 2022 |
Slovenia (%) | 9.6 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
South Africa (%) | 2.9 Mar 2022 | quarterly | Mar 1961 - Mar 2022 |
Spain (%) | 6.3 Jun 2022 | quarterly | Mar 1996 - Jun 2022 |
Sri Lanka (%) | -1.6 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
Sudan (%) | -1.6 2020 | yearly | 1983 - 2020 |
Sweden (%) | 4.2 Jun 2022 | quarterly | Mar 1982 - Jun 2022 |
Switzerland (%) | 4.5 Mar 2022 | quarterly | Mar 1966 - Mar 2022 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doKuwait Key Series
Buy Selected Data
Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -9.6 2019 | yearly | 1988 - 2019 |
Consolidated Fiscal Balance (USD mn) | -35,254.149 2020 | yearly | 1988 - 2020 |
Tax Revenue (USD mn) | 128.142 Dec 2015 | monthly | Sep 2003 - Dec 2015 |
Tax Revenue: % of GDP (%) | 1.5 2020 | yearly | 1986 - 2020 |
National Government Debt (USD mn) | 1,635.9 May 2022 | monthly | Dec 1993 - May 2022 |
Government Debt: % of GDP (%) | 3.2 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
Forecast: Government Expenditure (KWD bn) | 24.751 2027 | yearly | 1990 - 2027 |
Forecast: Government Net Debt (KWD bn) | 13.132 2027 | yearly | 1991 - 2027 |
Forecast: Government Revenue (KWD bn) | 28.437 2027 | yearly | 1990 - 2027 |
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) | 1,402.323 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
Government Revenue: ytd: Non Oil (KWD mn) | 1,711.965 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) | 383.685 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
Government Expenditure: ytd (KWD mn) | 16,380.557 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
Government Revenue: ytd (KWD mn) | 15,979.052 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
Government Fiscal Balance: ytd (KWD mn) | -401.505 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
Government Expenditure: ytd: Current (KWD mn) | 14,978.234 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
Government Revenue (KWD mn) | 13,633.900 2016 | yearly | 1987 - 2016 |
Government Revenue: Tax (KWD mn) | 486.000 2016 | yearly | 1987 - 2016 |
Government Expenditure: Capital (KWD mn) | 226.000 2016 | yearly | 1989 - 2016 |
Government Expenditure (KWD mn) | 18,245.900 2016 | yearly | 1989 - 2016 |
Government Expenditure: Current (KWD mn) | 12,125.900 2016 | yearly | 1989 - 2016 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 2.861 2027 | yearly | 1980 - 2027 |
Trade Balance (USD mn) | 1,817.0 Mar 2021 | monthly | Jan 1993 - Mar 2021 |
Total Exports (USD mn) | 5,006.5 Mar 2021 | monthly | Jan 1993 - Mar 2021 |
Total Exports Growth (%) | 61.8 Mar 2021 | monthly | Jan 1994 - Mar 2021 |
Aluminum: Exports (USD th) | 20,167.163 2021 | yearly | 1995 - 2021 |
Exports: Medicament (USD th) | 51,195.339 2021 | yearly | 1995 - 2021 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 2,928.186 2021 | yearly | 1995 - 2021 |
Total Imports (USD mn) | 3,189.5 Mar 2021 | monthly | Jan 1992 - Mar 2021 |
Total Imports Growth (%) | 27.7 Mar 2021 | monthly | Jan 1993 - Mar 2021 |
Imports: Medicament (USD th) | 1,073,023.230 2021 | yearly | 1995 - 2021 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 371,521.020 2021 | yearly | 1995 - 2021 |
Total Exports to USA (USD mn) | 1.157 Apr 2022 | monthly | Jan 1973 - Apr 2022 |
Total Imports from USA (USD mn) | 266.038 Mar 2021 | monthly | Jan 2017 - Mar 2021 |
Total Exports to China (USD mn) | 27.186 Mar 2021 | monthly | Jan 2017 - Mar 2021 |
Total Imports from China (USD mn) | 505.174 Mar 2021 | monthly | Jan 2017 - Mar 2021 |
Trade Balance: Quarterly (KWD mn) | 2,789.603 Dec 2018 | quarterly | Mar 1973 - Dec 2018 |
Exports: SITC: Other Manufactured Articles (KWD mn) | 36.800 Sep 2018 | quarterly | Sep 2014 - Sep 2018 |
Exports: SITC: Food and Live Animals (KWD mn) | 39.900 Sep 2018 | quarterly | Sep 2014 - Sep 2018 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | 2,366.0 Sep 2021 | quarterly | Mar 2012 - Sep 2021 |
Current Account Balance (USD mn) | 8,665.0 Sep 2021 | quarterly | Mar 2012 - Sep 2021 |
Current Account Balance: % of GDP (%) | 0.5 Dec 2020 | quarterly | Mar 2012 - Dec 2020 |
Foreign Direct Investment (USD mn) | 94.4 Sep 2021 | quarterly | Mar 2012 - Sep 2021 |
Foreign Direct Investment: % of GDP (%) | -1.4 Dec 2020 | quarterly | Mar 2012 - Dec 2020 |
Foreign Portfolio Investment (USD mn) | 506.970 Sep 2021 | quarterly | Mar 2012 - Sep 2021 |
Foreign Portfolio Investment: % of GDP (%) | 3.1 Dec 2020 | quarterly | Mar 2012 - Dec 2020 |
Foreign Portfolio Investment: Equity Securities (USD mn) | 20.2 Dec 2021 | quarterly | Mar 2012 - Dec 2021 |
Foreign Portfolio Investment: Debt Securities (USD mn) | 60.570 Dec 2021 | quarterly | Mar 2012 - Dec 2021 |
External Debt (USD mn) | 58,787.1 Dec 2021 | quarterly | Mar 2018 - Dec 2021 |
External Debt: % of GDP (%) | 50.5 2020 | yearly | 2014 - 2020 |
Forecast: Current Account Balance (USD bn) | 34.812 2027 | yearly | 1980 - 2027 |
Net International Investment Position (USD mn) | 99,111.738 2020 | yearly | 2001 - 2020 |
BoP: FA: OT: Liabilities (KWD mn) | 1,389.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: Portfolio Investment: Liabilities (KWD mn) | 10.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: Capital Account: Debit (KWD mn) | 5.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: CA: Secondary Income: Credit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: CA: Debit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) | 448.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: Portfolio Investment: Assets (KWD mn) | -1,260.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: Financial Derivatives: Assets (KWD mn) | -36.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: Financial Derivatives: Liabilities (KWD mn) | 40.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: Net Errors and Omissions (KWD mn) | 493.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: OT: Assets (KWD mn) | -2,795.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: Other Investments (OT) (KWD mn) | -1,407.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: CA: Primary Income: Debit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: Portfolio Investment: Liabilities: Debt Instruments (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 1.9 Sep 2021 | quarterly | Mar 2017 - Sep 2021 |
Household Debt: % of GDP (%) | 1.7 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
Money Supply M1 (USD mn) | 43,468.346 May 2022 | monthly | Jan 1994 - May 2022 |
Money Supply M2 (USD mn) | 136,002.617 May 2022 | monthly | Jan 1994 - May 2022 |
M2 Growth (%) | 8.1 May 2022 | monthly | Jan 1995 - May 2022 |
Foreign Exchange Reserves (USD mn) | 43,841.8 May 2022 | monthly | Jan 1964 - May 2022 |
Foreign Exchange Reserves: % of GDP (%) | 42.914 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
Foreign Exchange Reserves: Months of Import (NA) | 14.1 Dec 2021 | quarterly | Mar 1973 - Dec 2021 |
Gold Reserves (USD mn) | 103.851 May 2022 | monthly | Dec 1961 - May 2022 |
Total Deposits (USD mn) | 153,790.283 May 2022 | monthly | Jan 1994 - May 2022 |
Total Deposits Growth (%) | 7.5 May 2022 | monthly | Jan 1995 - May 2022 |
Domestic Credit (USD mn) | 129,384.6 May 2022 | monthly | Jan 1994 - May 2022 |
Domestic Credit Growth (%) | 13.8 May 2022 | monthly | Jan 1995 - May 2022 |
Household Debt (USD mn) | 2,105.0 Jun 2022 | monthly | Jan 2002 - Jun 2022 |
Total Loans (USD mn) | 146,673.646 May 2022 | monthly | Jan 1994 - May 2022 |
Total Loans Growth (%) | 11.12 May 2022 | monthly | Jan 1995 - May 2022 |
Private Debt: % of Nominal GDP (%) | 119.16 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
More Indicators for Kuwait
Check out our pricing options.
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
View pricing optionsCEIC Flex
Entry level access to the CEIC platform for individual users. Download limits apply. Payable monthly by credit card.
CEIC Unlimited
Full and unlimited access to CEIC data for multiple users. Suitable for enterprise usage. Available via annual subscription to one or more of CEIC’s global and premium databases.